Huth Thompson LLP

Posts by Huth Thompson

The Indiana College Credit

The Tax Cuts and Jobs Act (TCJA) passed on December 20, 2017 was the biggest tax bill since the Tax Reform Act of 1986. As a CPA, this new act has greatly impacted my profession. One area of impact is on form Schedule A, where itemized deductions are reported. State, Local and Real Estate Taxes…

Read More

IRA Contribution to Charity

With the filing season now complete for the 2018 tax year, many taxpayers may have noticed that the standard deduction pretty much doubled. The standard deduction was increased to $24,000 per married couple ($12,000 for single tax payers) with the new TCJA tax legislation beginning in 2018, which in turn created a much lower number of taxpayers…

Read More

Indirect Roth IRA Strategy

Lincoln Perkins, CPA   Mr. and Mrs. Roth want to accumulate monies in individual Roth IRA’s so they will have an income tax free source of cash during their future retirement. Unfortunately, their adjusted gross income is higher than the IRS limits and they are prohibited from making direct contributions to a Roth IRA. The…

Read More

Ron’s Legacy

Many of you may have already heard, but for those who have not, we wanted to pass along the sad news that Ron Huth has passed away. Ron was a mentor, friend, colleague and all around wonderful person. We will miss him terribly. We would love to hear how Ron impacted your life so if you have…

Read More

Tax Reform: What Does it Mean for You?

The Tax Bill has passed. Now what should you do? The new tax bill has increased the standard deduction to $24,000 on a joint return, $18,000 for unmarried individuals with a qualifying child, and $12,000 for everyone else. If your itemized deductions will not exceed these amounts, you can make some last minute moves to still…

Read More

Huth Thompson’s Duell Promoted to Partner

Huth Thompson LLP, an accounting and wealth-management consulting company serving northwest-central Indiana since 1927, is announcing that Travis Duell, CPA, is now a partner in the firm. While taking on a leadership position and working with the partner group in the ongoing cultivation of the firm’s client-service capabilities, Duell will continue to directly consult with…

Read More

Huth Thompson’s Clark Promoted to Partner

Huth Thompson LLP, an accounting and wealth-management consulting company serving northwest-central Indiana since 1927, is announcing that Kyle Clark, CPA, is now a partner in the firm. While taking on a leadership position, Clark will continue to directly consult with and provide services to both business and individual clients, with the ongoing goal of meeting…

Read More